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ATGE - Why Laureate Education Stock Is Soaring Today
Adtalem Global Education Inc.
Shares of Laureate Education(NASDAQ: LAUR) were soaring 18% in morning trading Friday after Adtalem Global Education(NYSE: ATGE) announced it was acquiring Walden University from Laureate for almost $1.5 billion in cash.
Walden is Laureate's for-profit online health-education provider focusing on doctoral, master's, bachelor's, and graduate certificate programs. It is one of the largest private colleges in terms of total enrollment.